• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 4 mins americavchina.com
  • 3 hours Tories on course to win majority
  • 18 hours DUMB IT DOWN-IMPEACHMENT
  • 20 hours POTUS Trump signs the HK Bill
  • 2 hours Greta named Time Magazine "Person of the Year"
  • 17 hours Winter Storms Hitting Continental US
  • 1 day WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 11 hours Aramco Raises $25.6B in World's Biggest IPO
  • 18 hours China Burns More Coal than the Rest of the World !
  • 24 hours Everything you think you know about economics is WRONG!
  • 17 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
Goldman Sachs Sees Higher Oil Prices In 2020

Goldman Sachs Sees Higher Oil Prices In 2020

Deeper OPEC output cuts will…

Oil Jumps As U.S. Offers To Cut Tariffs By 50%

Oil Jumps As U.S. Offers To Cut Tariffs By 50%

Oil prices rose on Thursday…

Germany’s Nuclear Phase-Out Generates Lawsuits

On 3 June, after meeting with the premiers of German states, German Chancellor Angela Merkel announced that Germany's abandonment of civilian nuclear power will be a phased process, ending in 2022 as the country’s last nuclear power station is shuttered. Merkel said, "It will be completely clear that each nuclear power station will have a final operating date, and with that, there will be complete clarity and no possibility of any evasion."

Germany's nuclear power station operating companies are subsequently now preparing to take legal action against the government's decision, stating that the new plan to shutter the nuclear stations is both too rigid and will prove more costly to the companies than the previous 2000 center-left government’s nuclear phase-out plan, Spiegel Online reported.

One of the program’s most outspoken critics, Swedish power company Vattenfall CEO’s Oystein Loseth, whose corporation partly owns three German nuclear power plants and operates two more, is demanding "fair compensation for our losses as a result of the government's decision."

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play